Daily current affair 4 October 2015

Financial intelligence unit

Financial Intelligence Unit – India (FIU-IND) was set by the Government of India in 2004 as the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions.
FIU-IND is also responsible for coordinating and strengthening efforts of national and international intelligence, investigation and enforcement agencies in pursuing the global efforts against money laundering and related crimes. FIU-IND is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.

Know your customers

 It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks’ services are not misused. The KYC procedure is to be completed by the banks while opening accounts and also periodically update the same.
 e-KYC or electronic KYC is possible only for those who have Aadhaar numbers. While using e-KYC service, you have to authorise the Unique Identification Authority of India (UIDAI), by explicit consent, to release your identity/address through biometric authentication to the bank branches/business correspondent (BC). The UIDAI then transfers your data comprising name, age, gender, and photograph of the individual, electronically to the bank/BC. Information thus provided through e-KYC process is permitted to be treated as an ‘Officially Valid Document’ under PML Rules and is a valid process for KYC verification
Civilspreparation is a dedicated team involved in revolutionizing the education through Digital India Campaign. We provide the free notes for Civil Services (IAS) Exam and develop the true potential of Civil Services (IAS) Aspirants through regular tests for Civil Services (IAS) Prelims and Civil Services (IAS) Mains examination. Detail strategy for Civil Services (IAS) Prelims and Civil Services (IAS) Mains examination are shared by the Civil Services (IAS) Toppers. For any doubt related to Civil Services (IAS) ie Civil Services (IAS) Prelims or Civil Services (IAS) Mains examination Contact Us You could Join any of the following programs by Civil Services (IAS) notes for integrated Civil Services (IAS) Prelims and Civil Services (IAS) Mains Program:-
  1. CrackCivil Services (IAS)2017 Prelims Program:- 10 Civil Services (IAS) Prelims Mock Tests and Comprehensive Civil Services (IAS) Prelims Notes
  2. CrackCivil Services (IAS)2016 Mains Program :- 16 Civil Services (IAS) Mains Mock Tests and Complete Civil Services (IAS) Mains Notes
  3. CrackCivil Services (IAS)2016 Video Lecture Program:- Complete video lectures for Civil Services (IAS) Prelims and Mains Exam
  4. CrackIFos2016 Mains Test series and Notes Program